When are the remuneration committee due to award the next mega pay rises for Foo and the directors? It would be unusual for them to consider the shareholders interests.
Foo and the directors are bleeding the life blood from VOG, investors are sheep to be sheared, and and used to repay the massive loans which keeps Foo and the directors in clover.
Is this a signal ( $26,000,000 drawdown loan) for present day holders to cut their losses to make way for the next generation of mugs.
Usual guff and blarney and incredible forward looking statements at the presentation. Plenty of jam tomorrow, 3rd power mentioned, for the benefit of the gullible.
Nobody knows why Grant Manheim, a non shareholding director, continues to be paid a kings ransom for apparently contributing SFA to the running of VOG.
Half the drawdown used already, within days of availability, expect dilution before Xmas. Foo needs investigating.
Too many immigrants and silly laws and rules, gravy train for less intelligent politicians.
After six years investing in VOG I am many thousands of pounds down, because I believed Foo was a decent honest man. How wrong I was, he is millions up while still waving the unattainable carrot in front of gullible investors stupid enough to fall for his projected numbers, and accept his colossal salary bonuses and royalties.
We'll never see fair value while the bumbling exaggerating untrustworthy Foo is running the show, the institutions people who matter can no longer trust him
Mr Foo has borrowed a substantial amount of cash to guarantee his and the BOD massive remuneration for some time to come. He will not dilute until this pile is near depletion.